HB 2788 Summary

• Authorizes one stand-alone casino facility in Waikiki, mauka of Kalakaua Avenue, not within a hotel, with a 20-year renewable license.

• Establishes the Hawaii Gaming Control Commission with five members appointed by the governor to regulate and oversee all casino gaming operations and issue licenses to casino operators, suppliers, and occupational workers.

• Imposes a 15% wagering tax on monthly gross receipts from casino gaming, with revenues deposited to the state general fund after retaining up to 2% for compulsive gambling programs, public security, and commission administration.

• Requires casino licensee to pay a $1,000,000 non-refundable application fee, $200,000 surety bond, and a one-time $150,000,000 license issuance fee ($75,000,000 upfront, $75,000,000 one year after issuance).

• Mandates $50,000,000 minimum investment in casino facility development, training programs for state residents, compliance with affirmative action guidelines, and prohibition against operating in jurisdictions that permit wagering on Hawaii collegiate athletics.